Learn about Arts, Entertainment, and Recreation – NAICS Code 71 – For Commercial Insurance. Insurance companies use NAICS codes to classify your industry and calculate your premiums. See all the six digit codes that fall under this primary NAICS class code for business insurance underwriting and cost purposes.
Arts, Entertainment, and Recreation – NAICS Code 71
What’s the best way to describe your company’s business operations? Are you involved in the Arts, Entertainment, and Recreation industry?
If so, then your business classification falls under Arts, Entertainment, and Recreation – NAICS Code 71 – For Commercial Insurance. Insurance companies use NAICS codes to identify customers by industry code.
The NAICS sector code is a six digit number: the first two digits designate the largest business sector, the third digit designates the subsector, the fourth digit designates the industry group, and the fifth digit designates particular industries. The last digit designates national industries.
Sector 71 – Arts, Entertainment, and Recreation – NAICS Manual
The Arts, Entertainment, and Recreation sector includes a wide range of establishments that operate facilities or provide services to meet varied cultural, entertainment, and recreational interests of their patrons. This sector comprises (1) establishments that are involved in producing, promoting, or participating in live performances, events, or exhibits intended for public viewing; (2) establishments that preserve and exhibit objects and sites of historical, cultural, or educational interest; and (3) establishments that operate facilities or provide services that enable patrons to participate in recreational activities or pursue amusement, hobby, and leisure-time interests.
Some establishments that provide cultural, entertainment, or recreational facilities and services are classified in other sectors. Excluded from this sector are: (1) establishments that provide both accommodations and recreational facilities, such as hunting and fishing camps and resort and casino hotels are classified in Subsector 721, Accommodation; (2) restaurants and night clubs that provide live entertainment in addition to the sale of food and beverages are classified in Subsector 722, Food Services and Drinking Places; (3) motion picture theaters, libraries and archives, and publishers of newspapers, magazines, books, periodicals, and computer software are classified in Sector 51, Information; and (4) establishments using transportation equipment to provide recreational and entertainment services, such as those operating sightseeing buses, dinner cruises, or helicopter rides, are classified in Subsector 487, Scenic and Sightseeing Transportation.
How NAICS Classifications Effects Your Commercial Insurance Cost
But how does your Arts, Entertainment, and Recreation – NAICS Code 71 – For Commercial Insurance classification affect your premiums and insurance cost? Insurance companies selling commercial insurance use NAICS codes in many ways – to analyze and classify the businesses they insure, or choose not insure. Some small business NAICS code classifications can result in you paying higher premiums for your business insurance. It is important that your business is classified properly.
Industry codes help insurers with several analytical processes involving marketing, underwriting, exclusions, loss control, forms, pricing and other operations. Let’s look at some of the the NAICS codes under your classification.
NAICS Structure
Following is a list of all the codes and titles. If the title is linked you can drill down for more information:
- 711110 Theater Companies and Dinner Theaters
- 711120 Dance Companies
- 711130 Musical Groups and Artists
- 711190 Other Performing Arts Companies
- 711211 Sports Teams and Clubs
- 711212 Racetracks
- 711219 Other Spectator Sports
- 711310 Promoters of Performing Arts, Sports, and Similar Events with Facilities
- 711320 Promoters of Performing Arts, Sports, and Similar Events without Facilities
- 711410 Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures
- 711510 Independent Artists, Writers, and Performers
- 712110 Museums
- 712120 Historical Sites
- 712130 Zoos and Botanical Gardens
- 712190 Nature Parks and Other Similar Institutions
- 713110 Amusement and Theme Parks
- 713120 Amusement Arcades
- 713210 Casinos (except Casino Hotels)
- 713290 Other Gambling Industries
- 713910 Golf Courses and Country Clubs
- 713920 Skiing Facilities
- 713930 Marinas
- 713940 Fitness and Recreational Sports Centers
- 713950 Bowling Centers
- 713990 All Other Amusement and Recreation Industries
Arts, Entertainment, and Recreation – NAICS Code 71 – For Commercial Insurance
We hope this information on Arts, Entertainment, and Recreation – NAICS Code 71 – For Commercial Insurance has been helpful. Your classification determines how much you pay for your commercial insurance and much more.